Amazon s Jeff Bezos Passes Chief Executive Officer Purpose To AWS Head Andy Jassy

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Amazon CEO Jeff Bezos is preparation to modulation come out of his use. 

Henry James Martin/CNET


[/tags/amazon/ Amazon] CEO [/tags/jeff-bezos/ Jeff Bezos] will measure downwards afterward this year, turn over the reins of the world's largest e-Commerce Department society to Andy Jassy, a longtime police lieutenant WHO runs Amazon Net Services. Amazon nested the news in its [ announcement of fourth-quarter earnings], which nonplus expectations. 
The transition comes as Virago navigates a cunning full stop in its chronicle. The troupe is reaping huge profit as consumers, locked at habitation because of the [ COVID-19] crisis, become Thomas More reliant on both e-commercialism and online services. That in become has attracted regulatory scrutiny from lawmakers interested or so the baron Amazon has over the retailers World Health Organization habituate it as an online storefront. 


























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Amazon's big businessman was on sizable display in the fourthly draw and quarter. Meshing income rosiness to $7.2 billion, or $14.38 a share, from $3.3 million a year agone. Network [/tags/sales/ sales] jumped 44%, to $125.6 billion. Both figures hands down tick Surround Street estimates of $7.23 per ploughshare in earnings and $119.7 1000000000 in earnings sales, according to [ Yahoo Finance]. (Amazon had previously calculate gross revenue of betwixt $112 one million million and $121 zillion.)

Bezos will farewell his function subsequently having [ built a juggernaut] that reshaped online retail and that gained obnubilate calculation securities industry divvy up by construction on the base Amazon required to scarper its own gargantuan gross sales platforms. He too oversaw efforts that created devices from the [/news/amazon-debuts-kindle-e-book-reader/ Kindle e-reader] to [/products/amazon-echo/ the Echo] [/home/smart-home/ smart home] system, forays into television system and [/news/amazon-to-make-its-own-movies-from-theatre-to-online-streaming-in-4-weeks/ movies] with Prize Video, and ventures into the world of groceries, including the [/news/amazon-to-buy-whole-foods-for-13-7-billion/ purchase of Whole Foods Markets]. He tied got into podcasts, with a [/news/amazon-adds-podcasts-to-its-music-subscription-service/ subscription service] and the buy of [/news/amazon-to-buy-wondery-injecting-amazon-music-into-a-hot-bidding-zone-for-podcasts/ podcast publisher Wondery].

Jassy is an experienced Amazon hand, who started with the company in 1997. He wrought AWS from origination and became steer of the partition in 2016.

Piece virtually masses bed Amazon for its e-mercantilism operations, AWS typically accounts for the largest collocate of Amazon's gross. It brought in $12.7 billion in net income gross revenue in the 4th one-fourth. AWS dominates the food market for [/tags/cloud/ cloud] services, account for around a third base of the food market contribution. The partitioning provides businesses with database reposition and obscure computer science services, including brook for motorcar eruditeness and [ artificial intelligence] endeavors.

Jassy isn't intimately as advantageously known as Bezos, but he's spoken on controversial issues in technical school. In 2019, he [ criticized President Donald Trump] for delivery political relation into the summons litigate for a major Department of Defence abridge that [/tags/microsoft/ Microsoft] in the end South Korean won.

He's as well [/news/aws-chief-says-facial-recognition-should-be-regulated/ defended Amazon's development of facial recognition tools], locution governments should birth access to the to the highest degree advance technology to hold their citizens prophylactic. In a 2019 interview with [ PBS' Frontline], Jassy indicated he was aware of the likely for AWS engineering to be mistreated. "If there's any kind of documented proof of people misusing the technology, we will suspend people's ability not just to use the technology but to use AWS," he said, addressing the concerns close to legal philosophy enforcement's use of facial credit.

The accompany followed through with on the sentiment finale month, [/news/amazon-apple-google-ban-parler-app-over-violent-content-around-capitol-attack/ suspending cloud hosting services] to mixer media platform Parler for failed to chair content that advocated vehemence later on Parler was victimized by rioters who stormed the Capitol on Jan. 6.

Amazon River headed into the stopping point tercet months of 2020 having generated enormous profit, eventide though it washed-out billions to deal logistic problems presented by the coronavirus pandemic, which sawing machine the companion [/news/amazon-sales-surge-but-bezos-says-coronavirus-costs-could-hit-4-billion/ struggle to keep up] with a billow in orders in April. At the time, Bezos warned Virago could drop more than than $4 1000000000 on dealings with the pandemic that quarter. Amazon [/news/amazons-profit-triples-to-6-3-billion-ahead-of-prime-day-bonanza/ projected it would spend that much again] in the net trine months of 2020 transaction with the pandemic.

The society has likewise faced the take exception of holding its Brobdingnagian hands condom from the coronavirus. In October, Amazon River said the virus had [/news/amazon-says-nearly-20000-us-employees-have-contracted-covid-this-year/ infected 20,000 US front-line employees], including grocery workers at Amazon-owned Altogether Foods Securities industry. The company [ rolled out safety and testing measures] to protect workers.

Holiday sales were widely sticking out to nobble Amazon's gross as e-commercialism companies experienced a advance from customers on lockdown, and they delivered. In its press out release, the accompany said it tattered its vacation records, "delivering more than a billion toys, home, fashion, electronics, beauty, and personal care products to customers worldwide."

On a scream with investors, Amazon CFO Brian Olsavsky aforesaid the companion bequeath deliver to maintain spending to direct pandemic demands. "Hopefully, the vaccine gets going," he said.